$550,000
SOLD DEC 17, 2024

2415 Park Place Scotch Plains, NJ 07076

-- Bed
-- Bath
1,592 Sq Ft
5,009 Sq Ft Lot

Recently Sold

$345 Per Sq Ft

2% Above List Price

44 Days on Market

About This Home

As of December 2024

Investor's Dream or Perfect Renovation Opportunity! This colonial-style multi-family property at 2415 Park Place is being sold absolutely As Is, with the buyer responsible for obtaining all township certifications. Ideal for both investors and future homeowners, it offers potential as a tear-down, full rehab, or renovation for owner occupancy. Unit 1 features 1 bedroom and 1 bath, while Unit 2 includes 2 bedrooms and 1 bath, providing flexibility for rental income or multi-generational living. Situated on a spacious lot with mature trees for added privacy, the property includes two furnaces and classic colonial architecture. Additionally, the adjacent lot at 2421 is included in the sale, opening further possibilities for expansion or redevelopment. This unique opportunity for residents, builders, and developers won't last long bring your vision today!

Last Agent to Sell the Property

Sandra Chambers

RE/MAX SELECT Listed on: 11/02/2024

RE/MAX SELECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,035

Year Built

  • Built in 1940

Lot Details

  • 5,009 Sq Ft Lot

Interior Spaces

  • 1,592 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Utilities

  • No Cooling
  • Heating Available
  • Gas Water Heater

Community Details

  • Westfield Golf Park Add Subdivision

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(see remarks)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,035

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.115
  • Lot Size: 0.00 x 0.00
  • Ownership: Fee Simple
  • Subdivision Name: Westfield Golf Park Add
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1940
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks)
  • Has Basement: Partially Finished, None
  • Interior Amenities: Unit 1(1 Bedroom,Kitchen,Living Room), Unit 2(2 Bedrooms,Kitchen,Living Room)
  • Living Area: 1592
  • Stories: 2

Exterior Features

  • Lot Features: See Remarks

Garage/Parking

  • Parking Features: See Remarks, 1-2 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 5009

Tax Info

  • Tax Annual Amount: 7035
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2024
Closed on
Dec 11, 2024
Sold by
Castillo-Flagg Lanita and Castillo Caron
Bought by
Castillo-Flagg Lanita and Castillo Caron
Seller's Agent
Sandra Chambers
RE/MAX SELECT
List Price
$539,999
Sold Price
$550,000
Premium/Discount to List
$10,001
1.85%
Views
40
Current Estimated Value
$544,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,356
Avg. Annual Appreciation
-2.94%
Original Mortgage
$522,500
Outstanding Balance
$520,675
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$19,251

Purchase Details

Closed on
May 14, 2018
Sold by
Sanchez Lydia
Bought by
Flagg Lanita Castillo and Castillo Caron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2017
Sold by
Johnson Shirley
Bought by
Sanchez Lydia

Purchase Details

Closed on
Aug 24, 2010
Sold by
Johnson Bernard and Johnson Shirley
Bought by
Johnson Shirley
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Acres Land Title
Deed $550,000 Acres Land Title
Deed -- Acres Land Title
Deed $105,000 None Available
Deed $75,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $522,500 New Conventional
Closed $0 New Conventional
Previous Owner $89,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2024 12/17/24 Sold $550,000 +1.9% $345 / Sq Ft
11/02/2024 11/02/24 For Sale $539,999 -- $339 / Sq Ft
Source: All Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,035 $61,600 $14,700 $46,900
2023 $7,035 $61,600 $14,700 $46,900
2022 $6,952 $61,600 $14,700 $46,900
2021 $6,940 $61,600 $14,700 $46,900
2020 $6,907 $61,600 $14,700 $46,900
2019 $6,855 $61,600 $14,700 $46,900
2018 $6,740 $61,600 $14,700 $46,900
2017 $6,591 $61,600 $14,700 $46,900
2016 $6,464 $61,600 $14,700 $46,900
2015 $6,358 $61,600 $14,700 $46,900
2014 $6,148 $61,600 $14,700 $46,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2505741R

All Jersey MLS

APN: 16-07304-0000-00013